Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Sunday, June 14, 2009

energy versus money


Scientists say that the energy in the world is limited. That's part of Einstein's theory of relativity. Value or money is not limited. Or is it? The amount of stuff that my money will buy seems to be limited by the value placed on that money by the great god of finance. If the United States has a deficit, then that money (or its value) has to have gone somewhere. In this case, much of it has gone to nations overseas. They have bought the value of the United States in buying stocks and making loans.

Okay, so this is convoluted. As the number of people in the world increase, does the value of money increase. Supposedly, productivity increases value. But, productivity also decreases the resources available and should decrease value. If we use up all of our oil resources, then our value has decreased by that amount. We don't seem to be able to convert whatever energy the use of our oil resources creates (law of relativity) into value. Instead, the use of our oil resources not only decreases our value of resources, it decreases the value of the earth as a whole by producing gases that make holes in our ozone layer leading to global warming and all that jazz.

Wait, I'm getting to a point where I understand something. The more people in the world, the more we are using resources that have value and producing something that decreases value. So, the more people in the world, the less value is possible for each person. The more value/resources/money that one person has decreases the value possible for other people.

The balance between the law of relativity and the law of value is alike. We cannot reconvert the "by products" of using resources into another resource - like energy converts into matter and vice versa - one valuable resource must convert into another for the balance to be maintained. That's not happening.

We are using our resources to burn ourselves out of existence because we don't know how to reconvert the by products of our used resources into different valuable resources. We cannot go on this way.

The points of this post are
1. We are using value faster than we are creating value.
2. The more value that I accumulate, the less someone else has.
3. Value is limited because we cannot convert "by products" back into value.
4. Someday the people of the world will use up too much value and people will die.
5. I wish this were not happening in my lifetime.

Friday, March 27, 2009

More on personal economies

So, income is certainly going down a good bit - estimates from financial advisors range from 20 percent to 50 percent. Twenty percent, we can handle; fifty percent scares me. But, fear is good. This makes me more aware of how life used to be for me. Even at 50 percent of current income, we will live without fear of losing necessities.

And, our advisors estimate that the economy will begin to turn upward again at least by this time next year. I'm not so sure. Maybe for us that will be true, but for the general public that live on labor intensive income (i.e. working for a living), they are looking at some lean years for perhaps a decade. And, if the war in Afghanistan doesn't get better soon, the whole plan could be skewed for all of us.

I'm glad we made up a line-item budget so that we can see where we might cut expenses. I'm sure that my yarn budget is getting used up by the trip to Stitches South in April. And, we're not taking any big trips - like a cruise. Cutting the electricity bill. Not buying gifts. Kayaking instead of jet skiing. Yeah, those are the kind of cuts we'll be making.

Fortunately (so far anyway), my goddaughter's income is not being cut - social security disability, SSI, that kind of stuff - and she will still be able to buy food. You can bet that one gift I won't be giving up is the food help that I give her.

In comparison, my budget cuts are absurd. The local soup kitchen clientele has doubled. Their shelves are almost bare of food - but they have lots of clothes from the people like me. Some elderly people will die this summer, because they don't have air conditioning and they are afraid of violence if they open their windows.

Poor me. I'm just turning off lights and appliances that I don't use much. Poor me. I'm not taking a cruise. Poor me.

Mind you, I'm not in that top category of getting a million dollar bonus. I wonder what Oprah is giving up...or Donald Trump...or Dick Cheney? Even the middle class worker (who may be laid off and losing a home) would wonder at the extent of luxury that I enjoy, never mind those higher on the income scale.

Am I going to be like the young man who wanted to be saved and asked Jesus what he might do to attain the kingdom of heaven? The answer was to give all you have to the poor and follow me. My answer is "No way." I like what luxuries I'll keep. But, I will be more mindful of those with less. While gifts to my peers may be cut, gifts to help others with less will not. How are you cutting back or giving up or giving away?

Thursday, March 12, 2009

Thoughts on the Economy and Spirituality


Our income will be cut by 20 percent in the next few months because of the declining value of our retirement portfolio, which is half of what it was a year ago. Amazing, isn't it, that something so amorphous as a portfolio, which really isn't on paper at all but in a computer bank several places, could affect our lives so profoundly? Paper money has baffled me from the beginning. When they recalled the silver certificates of one dollar bills, I realized that the actual one dollar bill had no meaning at all except that which "the economy" gave it. And, it actually costs more to manufacture a penny than it's worth. You can sell pennies for scrap metal and make more money...except that I suspect the law prohibits that.

Back to our declining income. I admit that "I see, I buy". Usually it's yarn or clothes, sometimes books, occasionally beads. However, I already have so much that I don't need more. My therapist says that sometimes I'm trying to fill the "love tank" because I don't get the responses I need from those who love me - not that they don't love me enough, but I don't recognize their ways of expressing that love enough to fill up my needs.

I know that my partner loves me, and I know that God loves me. Whose love am I missing? Both. Do I fail to see/hear/know God's love for me? How does God show that love to me? How does my partner show love for me? Why don't I recognize it? Why do I feel compelled to do things that "make me feel good" to supplement love?

Of course, you know that I don't have answers to those questions. And, you may be wondering what declining income has to do with recognizing love. For me, I spend money if I don't recognize love...partner's love, God's love, friends' love. In a month, I will have much less to spend, and I will need to be able to recognize that love more and more.

I am minded of Janis Joplin's "Freedom's just another word for nothing left to lose." If I have love, then losing income won't matter so much. We will have enough for our basic needs and more. My concentration could be on filling my basic need for love by perceiving how much I am loved.

My prayer is that I learn to recognize expressions of love and let them fill my heart and soul and mind and body.